Posts Tagged ‘wills’

If you don’t have a will, or have one that is old, the thought of calling numerous attorneys to ask about the process and the cost can be overwhelming. And if you are thinking about Revocable Living Trust, you may not have a clue where to begin. Legacy Trust and Wills has made it our

A “Codicil” is a document that amends, rather than replaces, a previously executed Will. Amendments made by a Codicil may add or revoke small provisions (such as changing an executor or executors), or may completely change the majority – or all – of the gifts under the Will. Each Codicil must conform to the same

A Will and a Living Trust are two (2) separate and unique documents. Consequently, there are several differences between them. The most important difference is how these documents relate to Probate, which is the Court administered process by which the decedent’s assets are collected, their liabilities are liquidated, necessary taxes are paid and property is

In modern estate planning people often talk about avoiding probate, but not everyone understands what probate is or what it entails. The word probate refers to the Probate Court. While it goes by other names in some other states, every state has a court that administers the transfer of assets after a person’s death. In

A “simple” will is exactly what it sounds like – a stripped down version of a Last Will and Testament. A simple will is a form that allows the testator (the person making out the will) to simply fill in the blanks, leaving instructions on how to administer their estate after their death. Though a

A revocable trust is the central feature at the heart of a modern estate plan. But what, exactly, is it? And what does it do for you and your family? Think of a trust as your own corporation. You, the trustee, are the CEO. That means you have all the decision-making power. Your beneficiaries are

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